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Level 1
posted Feb 26, 2023 10:00:21 AM

TurboTax fails after importing transactions

 TurboTax was "Importing 1551 transactions from Coinbase." After more than 5 minutes of the progress bar being nearly 99% done, TurboTax complains that it "could not import this."

 

Next try to import from Coinbase Pro and my transactions it received are missing values.

 

I move on to try to import from Binance.us and see that it says instant linking is possible, but unfortunately the next page asks me for a CVS. I go to binance, download my 2022 transactions, upload that to TurboTax and the same failure awaits after 332 transactions.

 

I tumble on to importing from Fidelity and that also fails.

 

I tried combinations of Windows 10, Linux mint 21.1, Android12, Firefox, Google Chrome, and Opera.

0 1 902
1 Replies
Expert Alumni
Feb 27, 2023 6:29:28 AM

You may be able to upload a .csv file in TurboTax Premier Online by following these steps: 

 

  • Go to Federal / Wages & Income / Your income / Investments and Savings.
  • Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
  • Click Add investments.
  • At the screen Get ready to be impressed, click Continue.
  • At the screen Let’s import your tax info, click Enter a different way.
  • At the screen OK, let’s start with one investment type, select Cryptocurrency.  Click Continue.
  • At the screen Select your crypto experience, select Upload.  Click Continue.
  • At the screen What’s the name of the crypto service, select Other (Gain/Loss) and enter the name of the service.
  • Click Continue.
  • At the screen Go ahead and upload your crypto CSV file, select the .csv file and upload.

 

The .csv should follow this format.

 

  • All the columns from the .csv file were deleted except for the five columns listed below.   
  • All other lines other than the headings and the five columns of data were deleted.

 

  •    Purchase Date
  •    Date Sold
  •    Proceeds
  •    Cost Basis
  •    Currency Name

.csv file format.

 

           A                   B              C                  D                   E

purchase date  date sold    proceeds   cost basis   currency name

11/24/2021        2/1/2022    1,779.96     1,916.52         ABFOA

12/7/2021          4/1/2022    1,111.46     1,225.45         ABFOA

11/24/2021        3/1/2022    1,638.54     1,638.54         ABFOA

 

@LiquidationLonghorn